XRP flashes a potential bottom signal, but $15.7 billion in exchange supply threatens recovery
XRP's 365-day MVRV ratio has fallen to about 0.92, which places holders in the metric's window roughly 8% below their cost basis, while XRP trades near $1.33, according to Santiment. Glassnode warned Oct. 19 that more than 40% of large-cap altcoins sit near their own yearly leverage highs. XRP's derivatives data sits between Binance shedding… Read the full story on CryptoSlate Understand the…
XRP's 365-day MVRV ratio has dropped to about 0.92, putting holders roughly 8% below their cost basis while the token trades near $1.33, per Santiment, a setup some read as a potential bottom signal. However, roughly $15.7 billion in exchange supply and Glassnode's Oct. 19 warning that over 40% of large-cap altcoins sit near yearly leverage highs weigh against a clean recovery. Traders should watch whether that supply overhang and elevated derivatives leverage cap any rebound attempt.
